Partner Julie Stapel was quoted by PlanSponsor discussing the US Supreme Court’s decision in Loper Bright Enterprises v. Raimondo, Secretary of Commerce that overruled the Chevron doctrine, which required federal courts to be deferential to federal agencies’ interpretations of unclear statutes.
Julie notes that the ruling “will make it easier for courts to overturn DOL and IRS interpretations. This may present challenges to employers sponsoring employee benefit plans, because it will likely decrease the predictability and consistency of interpretations of ERISA and the Internal Revenue Code.”
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